SteelOrbis has been informed that CIS mills are still offering March rolling 6-7 mm mesh quality wire rod to the export market at $565-570/mt FOB Black Sea, with offers remaining stable since last week. Meanwhile, ex-CIS wire rod offers to Europe have also trended sideways since last week and remained at $600-610/mt DAP.
Market players indicate that CIS suppliers have filled their order books for February production materials in the export markets, where demand for ex-CIS wire rod is strong. A CIS wire rod mill is due to carry out overhaul works on some parts of its production lines and so the producer will have reduced tonnages available to meet orders for March production.
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